Church & Dwight (NYSE:CHD) Issues FY24 Earnings Guidance

Church & Dwight (NYSE:CHD) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $3.42-3.45 for the period, compared to the consensus EPS estimate of $3.46. The company issued revenue guidance of ~$6.07 billion, compared to the consensus revenue estimate of $6.13 billion. Church & Dwight also updated its FY 2024 guidance to 3.420-3.420 EPS.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $97.00 to $101.00 and gave the stock an underweight rating in a research report on Monday, July 22nd. HSBC increased their target price on Church & Dwight from $110.00 to $114.00 and gave the company a hold rating in a research note on Friday, May 3rd. Barclays reduced their target price on Church & Dwight from $82.00 to $80.00 and set an underweight rating on the stock in a research note on Friday, July 19th. Oppenheimer increased their target price on Church & Dwight from $110.00 to $120.00 and gave the company an outperform rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $109.00 to $112.00 and gave the company a buy rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $106.88.

Church & Dwight Trading Down 1.5 %

Shares of Church & Dwight stock traded down $1.48 during trading on Friday, reaching $98.53. 3,855,940 shares of the stock were exchanged, compared to its average volume of 1,584,076. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight has a 1 year low of $82.25 and a 1 year high of $110.31. The stock’s fifty day moving average is $104.68 and its 200 day moving average is $103.38. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 3.26 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business posted $0.92 earnings per share. Church & Dwight’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, August 15th. Church & Dwight’s dividend payout ratio is 35.87%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at $813,479.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the sale, the director now directly owns 25,692 shares of the company’s stock, valued at approximately $2,709,735.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,346 shares of company stock valued at $19,465,948. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.